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What priority must business owners place on the choice of the form of ownership for their business? It is a relevant decision

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Answer #1

Answer - Option B - It is critical decision

Explanation :-

When any person or group of person form any type of business, they need to take critical steps and decision to choose what form of business they will open. It includes selection of business form, number of partner or owners, location of office, share capital of the company etc. They take advise of some legal advisor or company secretary and according to their advise they take their all further actions. It's not easy to open a company as it required many legal formalities to be completed prior to that.

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